Bohemia, NY (PRWEB) January 07, 2013
On January 7, 2013, debt collection company Rapid Recovery Solution, responded to a News Observer article by Joseph Neff, regarding how UNC Health Care uses a little-known law to easily collect on debts.
According to the News Observer article, UNC Health Care uses a, “little-known law, the Set Off Debt Collection Act, that allows state and local agencies to collect debts by seizing state tax returns and lottery winnings.”
The article states that this law has benefitted UNC Health Care tremendously, as UNC Hospitals collected $5.7 million and UNC Physicians collected $2 million. The article defines the law as a “hidden gem” which allows an agency to easy collect debts anywhere from unpaid taxes, utility bills, and ambulance fees.
According to Robin Thompson, vice president at UNC Physicians and Associates, “It is a useful tool.” The article informed that thanks to this law, UNC Health Care collected 11% of the $72 million of the debt from all state and local agencies this past year.
John Monderine, CEO of debt collection agency, Rapid Recovery Solution, offered his thoughts and comments on UNC Health Care’s use of the law. “This is simply smart debt collection. There is a law in place that allows these agencies to collect rightfully owed debt, and they utilize it to its maximum benefit,” said Monderine.
Founded in 2006, Rapid Recovery Solution, Inc. is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.